Element5

Element5 is an artificial intelligence company in San Jose, United States, founded in 2019. It has raised $47.5M across 3 rounds, most recently a $30.0M Series B in May 2022.

Intelligent post-acute workflow automation

Employees
51–200
Founded
2019
Business Model
B2B
Website
e5.ai
Total Funding
$47.5M
Last Round
$30.0M Series BMay 2022
Rounds
3

Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.

Indexed holds 3 funding rounds and 1 investor for this company. The full record is or through the API.

About

Element5 is an Automation-as-a-Service platform founded in 2019 that uses AI-powered robotic process automation (RPA) to eliminate administrative burden in post-acute care organizations including home health, hospice, and personal care agencies. The platform deploys pre-built and customizable AI agents that automate end-to-end revenue cycle management workflows including patient referral and intake, eligibility and benefit verification, prior authorizations, claims processing, denials management, remittance and collections, audits and compliance, and OASIS/HOPE submissions to iQIES. Element5's agentic architecture connects to and acts across EHR systems, payer portals, and proprietary internal systems, with a human-in-the-loop application for exception handling and full audit trails for compliance. The platform is SOC 2 Type II and HIPAA certified and operates at scale, processing over 121,000 transactions per day across 727 automated workflows. Element5 is backed by Insight Partners and has achieved up to 82% labor burden reduction for its customers. The company is headquartered in San Jose, California.

Summary

It lists 51–200 employees. It has raised $47.5M in total across 3 rounds, most recently a $30.0M Series B round in May 2022. Investors include Insight Partners.

Tech & App Stack

5 technologies & apps tracked

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Funding History

Data from Indexed.vcUpdated
Series BSeries BMay 2022
$30.0M

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Funding: Seed through Series B. Amounts, valuations, and investors where available.

Investors

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